SAN DIEGO, CA—(Marketwired – April 24, 2018) – Envision Solar International, Inc., (OTCQB: EVSI) (“Envision Solar,” or the “Company”), the leading renewably energized EV charging, outdoor media and energy security products company, announced today the issuance of a patent by the Chinese Patent Office that covers the Company's EV ARCâ¢ products.
The Chinese patent for invention number ZL201380042601.2, issued on March 9, 2018, is for the Company's EV ARCâ¢ product. The Company recently announced the issuance of a US patent for its Transformer ARCâ¢ product to add to its growing intellectual property portfolio. The Company's EV–Standardâ¢ product is patent pending while patent applications for future products are currently being drafted.
Envision Solar's President and CEO, Desmond Wheatley, is currently visiting China with the US/China Chamber of Commerce as part of an industrial enterprise trip during which he is meeting with government officials and industry leaders to grow the Company's international business. Prior to visiting China Mr. Wheatley was in Delhi, India as part of a US trade delegation accompanying Energy Secretary, Rick Perry. Mr. Wheatley also visited Dubai where he met with the Dubai Energy and Water Authority (DEWA), the governmental department responsible for the installation of EV charging infrastructure.
“Our core US business is going from strength to strength,” said Desmond Wheatley, “and we are growing our intellectual property portfolio with meaningful patents covering products which we believe address gaps in the rapidly growing industries we target. Our patented EV ARCâ¢ is now covered in China — the fastest growth market for EVs in the world. I'm convinced that EV–Standard and our other developing products will enjoy equal or greater success.”
According to Research in China, a consultancy, China aims to build 12,000 centralized charging stations and 4.8 million distributed charging stations by 2020. President Xi Jingping has mandated that remote, poor and rural communities, which often lack sufficient utility grid connections, be served by EV charging infrastructure while at the same time championing China's pivot to renewable and sustainable New Energy sources. The Company's management continues to view China as a significant potential market for its products. The issuance of a Chinese patent for EV ARCâ¢ products will enhance the Company's ability to defend its IP.
Invented and manufactured in California, the patented EV ARCâ¢ fits inside a parking space, but does not reduce available parking, and generates enough clean solar electricity to power up to 225 miles of EV driving in a day. The system's solar electrical generation is enhanced by EnvisionTrakâ¢ which causes the array to follow the sun, generating up to 25% more electricity than a fixed array. The energy is stored in the EV ARCâ¢ product's energy storage for charging day or night, and to provide emergency power during grid failure. Because the EV ARCâ¢ product requires no trenching, foundations or installation work of any kind, it is deployed in minutes and can be moved to a new location with ease. EV ARCâ¢ products are manufactured in the company's San Diego facility by combat veterans, individuals with disabilities, and other minority demographics and highly talented, mission–driven team members.
About Envision Solar International, Inc.
Envision Solar, www.envisionsolar.com, is a sustainable technology innovation company whose unique and patented products include the EV ARCâ¢ and the Solar TreeÂ® with EnvisionTrakâ¢ patented solar tracking, SunChargeâ¢ solar Electric Vehicle Charging, ARCâ¢ technology energy storage, and EnvisionMedia solar advertising displays.
Based in San Diego, the company produces Made in America products. Envision Solar is listed on the OTC Bulletin Board under the symbol [EVSI]. For more information visit www.envisionsolar.com or call (858) 799–4583.
This Press Release may contain forward–looking statements regarding future events or our expected future results that are subject to inherent risks and uncertainties. All statements in this report other than statements of historical facts are forward–looking statements. Forward–looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. Statements contemplating or making assumptions regarding actual or potential sales, market size, and demand, prospective business contracts, customer orders, trends or operating results also constitute forward–looking statements. Our actual results may differ substantially from those indicated in forwarding–looking statements because our business is subject to significant economic, competitive, regulatory, business and industry risks which are difficult to predict and many of which are beyond our control. Our operating results, financial condition, and business performance may be adversely affected by a general decline in the economy, unavailability of capital or financing for our prospective customers to purchase products and services from us, competition, changes in regulations, a decline in the demand for solar energy, a lack of profitability, a decline in our stock price, and other risks. We may not have adequate capital, financing or cash flow to sustain our business or implement our business plans. Current results and trends are not necessarily indicative of future results that we may achieve.